Zhong Ke San Huan Hi-tech to be shareholder of China Southern Rare Earth
2020-07-08 11:39:31 [Print]
According to the announcement made by Zhong Ke San Huan Hi-tech, it signed the capital increase and share expansion agreement of China Southern Rare Earth Group Co
Co-established by Ganzhou Rare Earth Group Co., Ltd . , Jiangxi Copper Corporation Limited and Jiangxi Tungsten Holding Group Company Limited on 13 March, 2015, China Southern Rare Earth will have a registered capital of RMB793 million (USD113 million) after this capital increase . Ganzhou Rare Earth Group Co . , Ltd . , Jiangxi Copper Corporation Limited, Jiangxi Tungsten Holding Group Company Limited and Zhong Ke San Huan Hi-tech will hold 94 . 4928%, 0 . 4438%, 0 . 0634% and 5% stock rights respectively.
. , Ltd . on 6 July with Ganzhou Rare Earth Group Co . , Ltd . , Jiangxi Copper Corporation Limited and Jiangxi Tungsten Holding Group Company Limited, which agreed to increase an investment of RMB431,393,958 . 40 (USD61516100 . 56) in China Southern Rare Earth . After the capital increase is completed, Zhong Ke San Huan Hi-tech will hold 5% stock rights of China Southern Rare Earth.
Co-established by Ganzhou Rare Earth Group Co., Ltd . , Jiangxi Copper Corporation Limited and Jiangxi Tungsten Holding Group Company Limited on 13 March, 2015, China Southern Rare Earth will have a registered capital of RMB793 million (USD113 million) after this capital increase . Ganzhou Rare Earth Group Co . , Ltd . , Jiangxi Copper Corporation Limited, Jiangxi Tungsten Holding Group Company Limited and Zhong Ke San Huan Hi-tech will hold 94 . 4928%, 0 . 4438%, 0 . 0634% and 5% stock rights respectively.